He's blamed the cartel for recent increases in oil prices, which he argued have been artificial and fueled simply by countries' desires to get more money. Non-OPEC countries like Russian Federation had agreed in 2016 to participate in OPEC's effort...

The production increase will partly undo a 1.2 million barrel cut Opec agreed on in late 2016 that has helped push up the price of oil. Oil hit almost $80 per barrel last month, sending gasoline prices in the United States above $3 per gallon in m...

Khalid al-Hussan was speaking to Reuters after MSCI said it would include the Tadawul, as the exchange is known, in its emerging markets benchmark, a move that could draw as much as $45 billion of new capital into the kingdom. Political tensions an...

Wayfair , by a 5-4 decision. With this ruling look for more states and local governments to push for taxes on online physical and digital sales. As a result, states argued they would lose millions in sales tax each year. "New Hampshire's lack of ...

Pradhan said at an OPEC conference in Vienna. "An initial increase of between half a million and a million barrels is expected to be agreed which will be welcomed by Trump who has been targeting OPEC as of late", Craig Elam, senior markets anal...

As per UN COMTRADE-WITS data sourced by the government, United States imports steel items worth approximately $795 million and aluminium products worth $424 million from India. As per the list India submitted to the WTO, it had proposed to hike custo...

Separately it is also pursuing the case with the World Trade Organisation, arguing that the White House's reasons for the tariffs - that the glut of steel and aluminium poses a security threat - are not valid. Commerce Secretary Wilbur Ross told br...

In trade wars, there tend to many casualties and few winners. Mexico put tariffs on American products ranging from steel to pork and bourbon two weeks ago. "The Irish whiskey industry has been a major beneficiary of global free trade and EU-led f...

The Saudi proposal involves a complex calculation based on how much the group has cut production beyond the initial target of 1.8 million barrels a day set in 2016, the delegates said , asking not be named discussing private meetings. Venezuela's oi...

Investors are also assessing the impact of tightening monetary policy by central banks after the US Federal Reserve raised interest rate last week and the European Central Bank said it planned to end its bond-purchase program at year-end.

Mr Seehofer proposed last week to offer power to turn away undocumented migrants at the border if they have already been registered in another European Union country. But at same time, he made it clear that re is no "automatism", that is to say tha...

German police searched Audi factories and offices in March 2017, also conducting searches at the German offices of USA law firm Jones Day. The arrest came just days after Germany imposed a $1.2 billion penalty on Volkswagen for rigging diesel...

Burger King says it's sorry for offering a lifetime supply of Whoppers to Russian women who get pregnant from World Cup players. In a social media post, Burger King's Russian Federation team offered 3 million rubles (about $47,000) and a lifetime...

Separately it is also pursuing the case with the World Trade Organisation, arguing that the White House's reasons for the tariffs - that the glut of steel and aluminium poses a security threat - are not valid. Brussels first drew up the list in March...

According to American Airlines, the delay, which began around 8 a.m. and ended at 10 a.m., was due to technical issues with their regional carrier PSA. The airline released a statement Sunday evening stating their intention to rebook passengers and...

Lounging in a suite at the Wynn Las Vegas , which has installed Amazon's Echo device in hundreds of rooms earlier this year. Amazon's Alexa-Marriott partnership will begin this summer at select Marriott hotels. "For us, this is particularly intere...

In a now-deleted tweet, Bithumb said today that 35 billion won of tokens - around $31 million - were snatched. The hack forced Bithumb to put up a notice on its site, saying that it had stopped all trading after it had discovered the intrusion and ...

In the past year, Starbucks has opened nearly 1,000 new stores in the Americas, which includes the U.S., Canada and Latin America. The stock slumped 3.5 percent in after-hours trading. The company told investors late Tuesday that it expects same-st...

Last week, a judge signed off on AT&T's purchase of Time Warner, the parent company of CNN. Comcast bid $35 per share for Fox's entertainment assets, while Disney's agreed offer is valued at about $29.12 a share based on its Tuesday closing price...

China denies such theft and accuses Washington of "deviating from the consensus reached by both parties". The fact that America imports more from China will make it harder for Beijing to match Trump's attacks, according to Derek Scissors, a res...

The " Telstra2022 " strategy stems from the telco's strategic investments announced in 2016 , and will be made up of four pillars involving establishing a standalone infrastructure business; simplify its structure; a cost reduction program and portf...

The ATM managed by Guwahati based FIS financial company was reportedly loaded with Rs. 29 lakh on May 19. The ATM belonging to State Bank of India in Laipuli area was shut since May 20, reported Indian Express . According to bank officials, no...

According to Bloomberg data , Microsoft now has active ICE contracts worth $19.14 million. The letter demands Microsoft "cancel its contracts" with ICE, as well as those with clients who support the law enforcement agency's work. Microsoft is now ...